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Home My WebLink About0956 discharged, said 1?turtgagee may at any t~me pay the same or any part the~eot w~thout wai~~irg or af[ectin~ any option, lien, equity or nght unde~ or by v~~tue of th~s mortgage, and the full amount of each and every auch payment shall be immediately due an~i paypble and shall besr it?temst from the date thercot until paid at the rate ot ten per centurn per annum and tagethe~ with such iaterest shall be aecured by tne liea ot thi~ mortgage. S. 1b place and continuously keep on the bu,ldinRe now or hereatter attuata on said Iand fire and windstorao insur.?oce in thr usual stancianl qolicy [orni, in a sum not less than thr ful) insural~le ~•alue, in such com- pany or comp^nies as may be approved by said Mortgo~ce; and all ~uch insurance policie~ o~ any ot asid Duild- inga, any intereat therein or part thereot, in the aRgregate sum a[orrsaid or in excess thereof. shaU contain ths usual standard mort~agee clause makinR the lo~ ur.dee snid policies, each end every, payable to aaid biortga- gee as his interest may appear, and each and every auch poticy shall•be promptly delivered to and held by said l~iortgagee; and, not less than ten days in advance o[ the expiralion ol each poUcy, to dellver to snid Mortgagee s renewa! thereot, toRether with a receipt tor the premium of au~h renewsl; and there ahall be no auch insur• ance ~placed on any oI said Duilding~, any interest therein or part theteot, uNesa in the torm at~d with the loas i payable as atoresaid; xnd in the e~•ent any aum of money becomes payable under auch pollcy or policiea asid Mort~agee shali ha~~e the option to receive and appty the same on account of the indeDtedness aecured hereby or to permit said Mortgagor to recelve and u.e it or any part thercot for other purposes without thereby waivin~ or impalring any equlty, lien or rtght under or by virtue of thia mortgage; and in the event ssld Mortgagor shail for any reason tail to keep the said premi~es ao insurcd, or isil to dellver prompUy any ot aaid policiea o! insurance to said rtortgagee, or fajl prompUy to pay tully any premium theretor. or in any reapect fafl to pet• torm, discharge, execute, ettect, complete, comply with and ~bide by this covenan~ or any put hereof. asid Mortg- i agee may place and pay for auch in~urance or any part thereof without waiving or attectlng any option, lien. equity or right under or by virtue of this mortgage, and the Nll aq~ount of each and every such psyment ahall De Immediately due and payable and ahaU bear tnterest trom the date thereot until paid at ths nte of ten per ~ centum per annum and together with such interest shali bs aecured Dy the Hen ot thfi tnortgags. 4. To permf~ commit or sufter no wa~te. Impairment or deterlontion oi sald propsrty os any part thereot. 6. To pay all and singular the costs, charges and expenses~ fncluding nasonaDle lawyer's tees and coat ot ab~stracts ot- title. incurred or paid at any tlme by satd Mortgsgee because and/or in the ~vent of the fallurs on the part of the said Mortgagor to duly. promptly and Nlly pertorrn. dlscharge. e~[ecute. effec~ complete. comply with and abide by each and every ths atipulatlons. aareements, conditlons and covenanb oi eaid promis- ~ory note. and Ws mortgage, any or eithe~, aad safd cwta. chargea and ezpenses, each aad every, shall be im• medfately due and payable. whether or not there be notice. demand. attempt to collect or sult pending: and tRs iWl amount ot each and every such payment ahall beu inttrest trom the dats thsetiwf untll patd at the rate oi ten per centum per annum; and W satd cost~. cMrgea ~ad ~spenw ~o lncurred or pai~ W~eNar wiW sucb !n- terest, ~ball bs secured b~? the lien oi thla moKgaga 6. That (a) 1~ the event of any breach ot thi~ mortgage or default on the part o! Ne Mortga~,or, or Ib) tn thc event any of aaid suma of money herein referred to be not pmmptly and fully paid within 3LLdays next ~fter the same severally become due and payable, without demand or notice, or tc) in the event each and every the s[~pulations, agreements, conditions and ~~ovenant9 oi said promissoi y nute and th~s mortgage, any or either. are not duly, promptly and tully per[ormed, discharged, executed, effected, completed, compiied w~th and abided by. then. in e~ther or eny such event, the satd aggregate sum mentioned ,n sa~d promtssory note then remaining i unpaid, with intere~t accrued, and all moneys secured h~reby, shall become due and payable forthwith, or there- atter, at the option of said ~Sortgagee, as fully and completely as if all of the said sum~ of money were originally st~pulated to be paid on such day, anything ~n sa~d promissory note, an~i or in this mortgage to the contrary not- v~lthsianding; and thereupon or thereatter at the option ot sa~d ~Iortgagee, ~~-ithout noGce or demand~ auit at law or in equity, theretofore, or thereafter begun~ may be prosecuted as if all moneys secured hereby had matured prior to its institution 7. That in the event that at the beginning ot or at any time pending any suit upon thia mortgage, or to foreclose it, or to reform it, and/or to enforce payment ot any claims hereunder, said Diortgagee ~1?all apply to the court having jurisdiction thereof for the appwntment oE a Recei~er, such court shall torthwith appoint a Receiver of said mortgaged pmperty all and singular, including aU and aingular the rents, income, profiW, issues and revenues from whatever source deri~~ed, ea.•h and e~•ery o[ hiCh, it bemg expresaly under~tood, is hereby mortgaged a~ if specifically set forth and descrited in the Rrant~ng and habendum clauaea hereof. and such Receiver shall have all the broad and effecti~•e tunch~ns and pu~:•er9 itti ~n>~~•~se entruated by a court to a Receiver, and such appointment shall be made by such court a~ an admitted equity and a matter of ab- solute right to said Mortgagee, and without reference to the adeyuacy or inadequacy of the value ot the pcop- erty mortgaged or to the aolvency or insolvency of said 1?fortgagor and ~or of the defendant~, and that auch rents. proEits, income, issue~ and re~'enues shaU be a~~plied by such Recei~•er according to the lien andlor equitq of aaid Mortgagee and the practice oi such court. 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation ~ above descr~bed any additiunal loans or future advances made within twenty ~ears from date hereof by thz ~ m~~rtgagee to ~aid mortgagors or any succes.wr in titie ot said mortgagors of the property hereby conveyed; provided that the total unpaid bala of the pdebted~~ss secur hereby at any one time shall not exceed ~ the maxunump rinc~pal amount of ~02'~t ~hree lhousan~ and IIO~IU~---------- jk~~ars ~ ~ ~S 43, DOU. 00 plus interest thereon and any disbursements made by the mortgagee for the pay- ~ ~ mrnt of t2xes. levies or ~nsurance on the property encumbered hereby, with interest on such d~~bursements. ; ~ IN WITNESS WHEREOF, the sald Mortgagor has executed thia mortgage under aeal on the day and year ~ g hereln tint above ~vritten. g ~ Signed, seal 8nd del' er i the presence of: ~ . { , ~ ~ ~ G L ~L~...... ~ _ J ~ . (SEAL) . - " H. WIiSON _ . . ' - v.~ . ED ~th; ''Fr ;aGEO ~ ~U61: 'uUHTII EL~. ~ GCt i~ FGI~RAS 6LE~:x i ~uIT COU6~ Nl RE~QaP : ~En _.=.._i::, ~ ' ' . ~ ~ ~r I~ PM ~ 1~ ~ 3TA'I'E OF...••-•-~~:eQ~.~.A-••••-••-••_-) 2 ~ covtwrx oF._..PALM__BEACH_; ~ 231411 ~ . 1 ~ , L. H. WILSON _ B4}be'~.~,~M,i11Y ~PPeared..-••....._..._.._._._.------..._..______.___......_...__..._...._._~•----....._.._......_._._....._._ . - . , . . , --.._.:...i:~-:~ ~..r..w ,~•Y•_- ~ to me'w'etl known and;k~~n to me to Ae the indiv~dual.... dtacribed in and who executed the fongoing instru- ment,: and aclcxo~9edged before me that ....he.... executed the s~?rpe for the purposes therew expressed. ~'l~ , : - , G : _ - . ~ ~ ; •'i~ll'T'N~ss.tby uand and ottictar seal cnis -_-•-......June_........_.._._....._........_, i~..?? ~ ~ ~ ; ~ ~ , ~ t'' Notsry Pub in and for ~ ~ the County d State Aforeaald. f ~ ~ R ~ My commi on expires: ~/3 3 ~ ~ ~ ~ ~ -3- ~ ~ ~ ~ ~ r ~ ~ _ ~r~ _ ~ ~ , ~ ~ ti- _ ,n, - • - e